Genworth Financial Inc (GNW) Trading Up 7%

Genworth Financial Inc (NYSE:GNW)’s share price was up 7% on Friday . The company traded as high as $3.38 and last traded at $3.38. Approximately 3,283,316 shares traded hands during trading, a decline of 38% from the average daily volume of 5,337,204 shares. The stock had previously closed at $3.16.

A number of equities analysts have recently weighed in on GNW shares. BidaskClub cut Genworth Financial from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a report on Tuesday, August 1st. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Tuesday, September 5th. Finally, Off Wall Street assumed coverage on Genworth Financial in a report on Monday, September 11th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Genworth Financial has a consensus rating of “Hold” and a consensus price target of $3.92.

The company has a market capitalization of $1,687.16, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.72 and a beta of 2.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.

Genworth Financial (NYSE:GNW) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Genworth Financial had a net margin of 3.88% and a return on equity of 1.57%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.81) earnings per share. research analysts anticipate that Genworth Financial Inc will post 0.94 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new stake in shares of Genworth Financial during the 2nd quarter worth about $126,000. Shelton Capital Management acquired a new stake in shares of Genworth Financial during the 2nd quarter worth about $140,000. LS Investment Advisors LLC raised its position in shares of Genworth Financial by 18.0% during the 2nd quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 5,936 shares in the last quarter. Teacher Retirement System of Texas increased its position in Genworth Financial by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 40,020 shares of the financial services provider’s stock worth $151,000 after buying an additional 418 shares during the period. Finally, Fondren Management LP acquired a new position in Genworth Financial during the second quarter worth approximately $189,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

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About Genworth Financial

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

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